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North Texas Tollway calls $309.04 million of system first-tier bonds
By Tali David
Minneapolis, Nov. 30 - The North Texas Tollway Authority plans to redeem $309.04 million of its system first-tier revenue refunding bonds, according to two notices.
The authority will redeem $209.04 million of its 5% subseries 2008H-2 bonds due Jan. 1, 2042 and $100 million of its 6% subseries 2008I-2 bonds due Jan. 1, 2038.
The bonds will be redeemed at par plus accrued interest on Jan. 1.
Wells Fargo Bank, NA is the agent.
The Plano, Texas-based authority is a subdivision of the state of Texas responsible for acquiring, constructing, maintaining, repairing and operating turnpike projects, as well as for raising capital for construction projects.
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